- Broker Score
Here at Free Forex Robot we offer reviews of popular and upcoming trading platforms. Today we are writing a EverFXGlobal review for your reading pleasure.
Comparing the many brokers when you are about to start trading can be a challenging task. With so many brokers that provide similar services, it can be difficult for you to decide which one will be best for your trading career. However, going in details a little can reveal a lot of things about these brokers to make your decision easy for you. When compared on feature to feature basis, EverFXGlobal comes out as one of the best brokers. This is the reason why so many traders from around the world are joining its trading platform so quickly. Let’s get into this detailed EverFXGlobal review so you can decide to join or not join this broker’s trading platform.
Basic Information about EverFXGlobal
EverFXGlobal provides you with CFD trading services. It is known as one of the brokers that allow for the fastest trade times. According to the company’s website, your trades can be executed within 80ms when you trade with EverFXGlobal. The company takes pride in offering a safe platform for traders to trade assets. It is not a broker with false claims. When you join its platform, you know that your broker is licensed and regulated. ICC Intercertus Capital is the name of the company whose trade name is EverFXGlobal. The former is a fully regulated and authorized entity under a license from CIMA (Cayman Islands Monetary Authority).
You can go on the website to see the license number of the company as well. With this information, you can at least have the peace of mind that you are working with legal entities that are also accountable for their services to regulating authorities. EverFXGlobal is an award-winning broker with multiple awards received in just 2018. It remains one of the most well-known brokers in Europe but is services are available throughout the world. For that reason, the website of the broker is also available in multiple languages.
Range of Tradable Assets with EverFXGlobal
When you join the platform, you can trade assets that belong to six different asset classes. These asset classes meet the needs of different types of traders with different preferences. For someone who loves to trade foreign currencies, EverFXGlobal opens door to trade more than 50 different currency pairs. These currency pairs include the oldest and most stable currency pairs of the market to some of the best emerging pairs. Gold and silver are available for trading with almost every broker. However, you can trade some other metals such as copper, palladium, and platinum when you open your account with EverFXGlobal.
You also have NGAS, BRENT, and USOIL available for trading under the energy index. Shares market is huge and you get to trade the CFDs of some of the biggest companies of the world including but not limited to Facebook, Google, Honda, Johnson & Johnson, Chevron Group, Dell Technologies, Microsoft, etc. If the idea of trading shares of the biggest companies of the world separately does not appeal to you then you should look at the indices table. Here, you can trade the biggest indices of the world including but not limited to FTSE100, DAX, NASDAQ 100, etc. The most interesting is the cryptocurrency market.
You can trade a lot of cryptocurrencies with EverFXGlobal. You will be happy to know that there are so many digital coins from the cryptocurrency markets available for you on EverFXGlobal platform. You don’t enjoy that much flexibility and liberty when you trade crypto with other brokers. The first thing you will love about trading cryptocurrencies on the platform is that opening a crypto-wallet is not compulsory. Some of the major cryptocurrencies that you can trade against USD and Euro are Litecoin, Bitcoin, Ethereum, Dash, Neo, Ripple, EOS, etc. Just pick the digital coin that you know the most about and see how you benefit from this new emerging market.
MetaTrader 4 Trading Platform from EverFXGlobal
You don’t have a lot of choice of choosing a trading platform when you sign up with EverFXGlobal. That’s not a good or a bad thing. Getting some options is not bad at all, but you must not forget that MT4 is the best trading platform. Whether you talk about traders or brokers, they love this platform for its depth, integrations, and user-friendliness. So, as soon as you open your account with EverFXGlobal, you will be on the MT4 platform. EverFXGlobal has brought this platform to every device so you can trade the way you prefer. If you like the old school style of trading from your desktop computer, download the software and just trade.
However, the same platform is also available in the mobile application form. Whether you use an Android phone or have an iPhone, you can download the app on your phone and use it without any worries. An important thing to notice here is that the web version of the same software is also available. The web version is opened on your browser so you don’t have to download the software on your device. It does not matter where you are in the world and what device you are using, the experience of trading on the web interface remains the same across all platforms.
A Look at the Trading Conditions with EverFXGlobal
Regardless of which type of trader you are, the most important thing for you is the trading conditions provided on the platform by your broker. That’s something that your broker can control, and this is where you can clearly see the intentions of the broker. You want find out whether your broker is interested in making its money or giving a boost to your trading career. How much money you have to spend when you trade with EverFXGlobal depends on the account you have chosen. EverFXGlobal is a gold mine for traders who are interested in trading currencies.
When you are trading forex, you have up to 1:500 leverage available. Such leverage will allow you to control huge trades and maximize your profits if you are successful with them. For metals, you can enter big trades by maintaining a small margin of just 0.5%. Things are great even for the traders who are interested in trading energies. When you trade oil or gas, you only have to maintain a 1% margin in your account. However, the margin requirement increases a bit when you trade stocks. So, when in stocks, you will be maintaining a margin of 5% at minimum.
The margin percentage might seem big when you land in the cryptocurrency category. The margin requirement here is a minimum of 33%. However, when you compare this margin with the margin from other brokers, you are looking at some great trading conditions. Due to cryptocurrency market being tremendously volatile, a margin of 33% is nothing less than a blessing.
As stated earlier, the amount of money that goes out of your profits on successful trades depends on the account you choose. With certain account types, you can enjoy spreads that are as small as 0.8. You can also enter into trades where you don’t have to face any spread. However, you will have to pay a commission in that scenario. Let’s take a look at the account comparison to understand these things better.
EverFXGlobal Accounts Comparison
You have three choices when it comes to opening your account with EverFXGlobal. The most expensive account is called VIP. The requirements of this account clearly indicate that it is for expert traders and not at all for newcomers. The minimum deposit that you need in this account has to be $30,000. You can trade in four currencies regardless of the account you choose: AUD, GBP, EUR, and USD. It is the VIP account wherein you have to pay a commission on your trades. What that means is that your spreads can be as little as zero. Standard account is meant for new traders.
You can start this account by maintain a small deposit of only $250 in your account. There is no restriction on the type of currency you use. Spreads are quite tight as they start from 1.2. Yes, these are not the tightest spreads when you compare this account with others but you are not to pay any commission on your trades either. If you can arrange some funds and want to take advantage of even tighter spreads, you might want to take a look at the Premium account.
The minimum deposit that activates this account is $5,000. While this amount can sound big to new traders, it will give them many additional benefits over the standard account. The spreads in this account start from 0.8. This might not look like a huge difference upfront but if you are thinking long-term, you will benefit hugely from this small difference. Once again, you don’t have to pay any commission on your trades with this account. However, the commissions can be as big as $2 per lot traded when you open the VIP account.
The one thing that most other brokers cannot offer like EverFXGlobal is the promotions and bonuses. Most of the online brokers are often busy talking about the leverages and low margin requirements. However, there is a very small group of brokers that offers its traders some additional bonuses as well. With EverFXGlobal, you can enjoy some bonuses that will help you enjoy some freedom as you trade. For example, there is a 100% deposit bonus available for all the traders that sign up with EverFXGlobal. Do keep in mind that this promotion is available only for a limited time.
A 100% bonus on deposit means that if you deposit $250, you will get another $250 in your account credited by the broker. Things cannot be better than that for someone who is trading for the first time. However, there is a limit of $10,000 on this promotion. What that means is that the promotional credit ends above the $10,000 mark. In addition to this, the broker likes to hold giveaways. This is a simple yet very convincing way of making loyal customers. Through these giveaways, the broker likes to give precious awards to its traders.
You can win products like MacBook, iPhone, and other precious smartphones through these giveaways. You just have to complete trades of certain sizes to enter into the giveaways. You don’t have to wait for years before the loyalty points kick in. This is a straightforward and simple promotion that’s there only as an appreciation for all the traders. What you will love about promotions from EverFXGlobal is that the broker keeps launching new promotions every now and then. The promotion page on the website is very interesting for that reason. You should visit this page before you open your account to know about the offers that are available at that time.
Next Level EverFXGlobal Customer Service
When you look at the contact options from EverFXGlobal, you are forced to say that its customer service is next level. There is a phone number where you can call to inquire about any issues. That’s something any broker can offer, so you can’t call that next level. What’s next level is the fact that you can contact the company representatives on a variety of instant messaging applications. The four applications where you can have a live chat with the company agents include Facebook Messenger, WhatsApp, Viber, and Telegram. The company representatives are available 24/5 on these apps to answer your questions. Last but not least, you can send an email too if you are not in a hurry to receive answers to your questions.
EverFXGlobal is an amazing broker that focuses on empowering its traders in every way possible. From tight spreads to minimum deposit requirements and access to the world’s best trading platform, everything shows that EverFXGlobal cares about its traders. By choosing the right account, you can start your trading career with just $250. What is means is that you can start the journey to become a millionaire with just $250. Take advantage of the seminars, webinars, and comprehensive training from EverFXGlobal to ensure that you execute your trades successfully and confidently.